Patent box

The patent box enables companies to apply a lower rate of corporation tax to profits earned from its patented inventions.

Patent box effectively provides a 10% tax rate to reward UK companies that exploit patented IP rights.You can only benefit from the patent box if your company is liable to corporation tax and makes a profit from exploiting patented inventions.

Your company must also own or exclusively license-in the patents and must have undertaken qualifying development on them.

If your company is a member of a group, it may qualify if another company in the group has undertaken the qualifying development.